Endeavour Silver Corp. (NYSE:EXK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.13.

A number of equities analysts recently commented on EXK shares. BMO Capital Markets initiated coverage on Endeavour Silver in a research note on Monday, June 17th. They set an “outperform” rating and a $6.00 price target for the company. CIBC increased their price target on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Alliance Global Partners increased their price target on Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, HC Wainwright reduced their price target on Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a report on Friday, August 2nd.

Endeavour Silver Stock Performance

Shares of EXK opened at $4.08 on Monday. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $3.48 and a two-hundred day simple moving average of $3.33. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -202.50 and a beta of 1.70. Endeavour Silver has a 52 week low of $1.42 and a 52 week high of $5.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The business had revenue of $58.30 million during the quarter, compared to the consensus estimate of $62.01 million. During the same period last year, the company earned $0.01 EPS. The business’s revenue was up 16.6% on a year-over-year basis. On average, analysts expect that Endeavour Silver will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in Endeavour Silver by 126.3% during the 2nd quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after purchasing an additional 13,657,121 shares during the period. Jupiter Asset Management Ltd. boosted its position in Endeavour Silver by 60.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after acquiring an additional 4,046,065 shares in the last quarter. Tidal Investments LLC bought a new stake in Endeavour Silver during the 1st quarter valued at $19,008,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Endeavour Silver by 3.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock valued at $12,892,000 after acquiring an additional 188,787 shares in the last quarter. Finally, TD Asset Management Inc bought a new stake in Endeavour Silver during the 2nd quarter valued at $9,452,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.